ITS MY HOUSE: The property trend among SA’s middle class.

The recent steep hike of 75 basis points in the South African Reserve Bank’s repurchase rate and subsequent rise in the prime lending rate to 9% is significant for consumers and the remainder of this year will be tough for many South Africans as they struggle to cover household expenses.

There will however be resilience in the mid-market for the property industry and all the current data is not negative, said Antonie Goosen, principal and founder of Meridian Realty.